Small finance banks are required to extend what percentage of their Adjusted Net Bank Credit to priority sector? MCQ with Answer and Explanation

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Small finance banks are required to extend what percentage of their Adjusted Net Bank Credit to priority sector?

A. 60%

B. 40%

C. 75%

D. 50%

Answer: Option C

Solution (By JKSSB Mock Tests)

Small finance banks are required to lend 75% of their ANBC to the priority sector.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Which of the following is NOT a component of the Index of Industrial Production (IIP) in India?

A. Agriculture

B. Electricity

C. Manufacturing

D. Mining

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Correct Answer: Option A

Explanation:
The IIP covers mining, manufacturing and electricity sectors. Agriculture is measured separately through other indices and production estimates.

This question belongs to: Economy GK Economy Set 1

Question #2

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In 1969, the Government of India nationalized how many major commercial banks?

A. 14

B. 20

C. 6

D. 10

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Correct Answer: Option A

Explanation:
In 1969, 14 major commercial banks were nationalized.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Trusteeship Council' is one of the principal organs of:

A. SAARC

B. Commonwealth

C. United Nations

D. WTO

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Correct Answer: Option C

Explanation:
The Trusteeship Council is one of the six principal organs of the United Nations.

This question belongs to: Economy GK Economy Set 1

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